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Mar 20, 2013 6:00am EDT
francisco, in new york, in san jose, in cities like that, home prices are much higher, but so are rents. the gap between prices and rents is narrower. but mortgage rates are low everywhere. and even in san francisco right now, it is 19% cheaper to buy than to rent. again, if you're going to stay put for seven years. if you're only staying put for three years, it's actually more expensive to buy than to rent in san francisco because you get fewer years of home price appreciation and the closing costs that you pay both when you buy and when you sell, you end up spreading out over fewer years. so those factors really matter. >> flip this around, what cities would i not want to buy in right now? where does it not make sense? >> right now if you're staying for seven years? >> yep. >> it makes sense to buy everywhere. assuming you can get a mortgage and depends on your personal circumstances. if you're not sure you'll be able to stay put for that long, if you can't get the lowest mortgage rates, and if you're not itemizing, then it doesn't make sense at all to buy in places like san fra
Search Results 0 to 0 of about 1